Bangladesh Bank has taken initiatives to set up the National Payment Switch (NPS) to modernise the existing electronic payment system.

The central bank has signed an agreement with ‘Infotech Global Private Ltd’, a Singapore-based company on Thursday to implement the project.

The NPS project is being implemented BB under the ‘Central Bank Strengthening Project’, financed by the World Bank.

The NPS is included with the national information and communication technology policy-2009 of the government.

Project Director of NPS and Executive Director of BB, Md Ahsan Ullah presided over the signing ceremony where BB’s Executive Directors-- Dasgupta Ashim Kumar, Md Abdul Hamid and other senior officials of BB and Infotech Ltd were also present.

Infotech was given the contract through an open international tender.
IBCS Primax Bangladesh Ltd, a local IT firm, has been working with this project as the local representative in implementing the project.

The Daily Sun/Bangladesh/ 27th Jan 2012